Canoo Inc. is a mobility technology company with a proprietary modular electric vehicle (EV) platform and connected services initially focused on commercial fleet, government, and military customers. Co. has designed a modular electric platform that is purpose-built to maximize the vehicle interior space and is customizable for all owners in the vehicle lifecycle, to support a range of business and consumer applications. Its first production vehicles are the Lifestyle Delivery Vehicle, including the Lifestyle Delivery Vehicle 130 and Lifestyle Delivery Vehicle 190. We show 16 historical shares outstanding datapoints in our GOEV shares outstanding history coverage, used to compute GOEV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GOEV market cap history over the course of time is important for investors
interested in comparing GOEV's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GOEV versus a peer is one thing; comparing
GOEV market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GOEV can fluctuate over the course of history.
With this page we aim to empower investors researching GOEV by allowing them to research the GOEV market cap history. |
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Video: The Importance of Market Cap
